H1FY Results. Investor Presentation. 21 November H1FY2017 Results Investor Presentation V23

H1FY2017 - Results Investor Presentation 21 November 2016 V23

Content H1FY2017 Quick take on our results H1FY2017 - Results Investor Presentation GCEO H1FY2017 progress Strategic priorities Business heartbeat GCFO Financial highlights 2HFY2017 expectations Supplementary information Group performance & financial details Divisional performance Economic data 2

Quick take on our Q2FY2017 Gaining Momentum on Strategic Initiatives Financial Highlights: Fixing fundamentals NIM stable at 1.93% for half year though ended quarter at 1.92%, reflecting timing difference between the downward revision in base lending rates and repricing of fixed deposit rates PATMI up 9.2% QoQ underpinned by higher trading income and lower operating expenses. Consequently, CTI improved to 55.0% (Q1FY17: 56.3%) WB and General Insurance on track with respective targets Asset quality strengthened to 1.64%, on par with industry average of 1.65%. We are actively monitoring the following exposures: O&G 95% are assessed as moderate risks or better (internal grading). Exposures to this sector has decreased by approximately RM90m since ch 16 Real estate 82% with moderate risks or better R&R stable with impaired R&R at circa 0.6% of gross loans Prudent liquidity management with LCRs for all banking entities above 100% Indicative fully loaded CET 1 ratio at 11.2%, with room for capital optimisation Strategic Update: Focus on Top 4 Strategy Challenges: Good progress on initial phase of Top 4 strategic initiatives, achieving 55% of estimated benefits for FY17. Key emphasis for FY17 include SME, Cards & Merchants, CASA (Cash Management & Payroll), kets (FX) and cost optimisation Rolled out 12 full-fledge SME ready branches; achieved higher merchant CASA penetration rate; continued to increase new cards acquisition and drive CASA growth through payroll proposition; and good traction on wealth management Stabilising NIM (retail business) Grow CASA and sticky customer accounts meaningfully Sustaining asset quality (especially in O&G & non-residential property sectors) 3

Performance indicators RM mil Q2FY17 H1FY17 QoQ Growth YoY Growth Forecast FY17 Progress Status Total Income 954.2 1,905.5 0.3% 0.4% Expenses 524.5 1,060.0 2.1% 7.4% Allowances (42.4) (106.1) 33.4% 48.5% PATMI 352.6 675.6 9.2% 6.4% Circa 5% ROE 9.0% 8.7% 0.5% 1.1% Circa 8.5-9% CTI 55.0% 55.6% 1.3% 3.6% <57% NIM 1.92% 1.93% Circa 1.93% Gross Impaired Loans ratio 1.64% <2.0% CASA Composition 21.9% Circa 22% Capital and Dividend - CET 1 - Tier 1 - Total - Dividend Payout 11.9% 12.9% 16.5% 10% +/-1% Circa 40% 4

H1FY2017 what s progressing well Performance highlights: Improving profitability with PATMI up 9.2% QoQ underpinned by higher non interest income and lower expenses Focused on stabilising NIM via proactive management of COF & progressively growing loans and building up CASA in new and preferred segments Balance sheet remains sound, sustaining asset quality (Q2 GIL @ 1.64%) with Basel III CET 1 at 11.2% Process re-engineering and prudent expense management yielding savings, YTD optimisation savings approximately RM62 mil Business overview: Top 4 Aspirations and strategic initiatives: implementation on track with early benefits in H1FY17 results Mass affluent and affluent segments, wealth management, markets and DCM showing good momentum Sustaining current growth engines: Top 4: Funds Management, Top 4: Bonds & Islamic Bonds & Top 3: Corporate Loans (Syndicated Loans) Subdued and challenging operating environment ahead: growth focused on preferred segments vis-à-vis risk appetite, profitability opportunities & customer expectations People and culture: Senior management transition plan, attracting talent and accelerating performance culture change 5

Recap: AmBank Group s Top 4 Aspirations Our aspirations by the year 2020 in key segments How we measure ourselves To be Top 4 in each of our 4 focus products (Cards & Merchants, Transaction Banking, kets/fx, Wealth Management) To be Top 4 in each of our 4 growth segments (Mass Affluent, Affluent, SME, Mid Corp) Financial metrics 1. ket capitalisation (relative) 2. Revenue growth 3. ROE 4. P/E 5. NIM 6. CTI 7. GIL ratio Top 4 Aspirations in Key Segments Non-financial metrics To sustain Top 4 in each of our current engines (Corporate loans, DCM, funds management) To be Top 4 Best Employer in Malaysia 8. Customer turnaround time and customer satisfaction 9. Trusted brand 10.Employee engagement and attractiveness to best talent 6

Strategic Initiatives Strategic Priorities Our Strategic Priorities Considering growth areas, white spaces and our capabilities Firing up new growth engines Attain market leadership in key segments & products Setting up for success Optimise current engines Win in fast growing, underserved segment: SME Mid Corp Mass Affluent Affluent Build up Transaction Banking and kets cross sell business Develop an integrated cards and merchant ecosystem Lead the market with an advisory-led wealth management proposition Digital transformation channels, processes, productivity, analytics Leverage distribution footprint, partnerships and new digital channels Breakdown organisational silos, people focus, talent & culture Risk and compliance Leverage strengths in corporate and investment banking Strengthen retail deposit franchise Harness value in Mass ket customer base Retail & Islamic Wholesale Digital & Analytics Enablers 1. Focus on mass affluent proposition & wealth management 2. Drive merchant & cards solutions 3. Drive CASA growth 4. Continue to enhance Retail SME proposition 5. Penetration into Islamic blue ocean 1. Identify needs-based segments & develop proposition SME & Mid Corp 2. Boost transaction banking capabilities 3. Amplify wealth solutions 4. Service differentiation through industry insight, upgrade RM capacity, product solutions, etc. 1. Enhance sales tools & system to support frontline 2. Integrated online banking platform with online acquisition capabilities 3. Develop analytic capabilities 4. Digitise processes and develop straight through processing 1. Talent management & role based development 2. Initiate performance culture change programme 3. Re-engineer & digitise credit process 4. Cost & resource optimisation 5. Brand re-positioning Building digital capability 7

Wholesale Banking Heartbeat SME 35 dedicated SME branches completed with clustered SME branches rolled out Focusing on strategic tie-ups and new solutions for strong pipeline growth Launched SME specific products for Trade and Contract Financing (Aug 16) Developed remote relationship manager operating framework & streamlined credit process Mid Corp Improving credit approval efficiency to heighten growth: TAT reduced by 50% Expediting drawdowns for targeted growth Re-energizing inactive customers, building up relationship to increase SOW with focus on cash management, trade and FX. Transaction Banking Accelerating payroll customers, with higher YTD average balance, acquired new JomPay billers Revamped & simplified customer onboarding process for improved customer experience Completed Corporate Service Counters at 35 branches (Oct 16) to enhance customer service Commenced E-AmBiz activation programme for inactive accounts Completed remittance centralisation function @25 branches to improve efficiency & customer TAT Innovating cash management solutions for seamless customer experience Actively managing expensive short term deposits kets Managing fixed income trading activities vis-à-vis yield curve changes from recent global events Focusing on offering FX and derivative solutions to preferred customer segments Introduced simplified credit memo for FEC Strengthened Retail s branch foreign exchange franchise and capabilities 8

Retail Banking Heartbeat Mortgage Stronger net acceptance and increasing MRTA income Focus on secondary market to drive disbursements Anti-attrition pricing matrix to retain customers Reducing cost to serve through auto debit arrangements Auto Finance Capitalise on faster market share growth of new non national vehicles Partnership with national carmakers to increase share of new launches Improved asset quality lower delinquencies and impaired loans Selective focus on high quality used car sales with better returns Deposits Attractive FD campaigns amidst tighter industry liquidity Repositioned CASA products to manage portfolio returns Partnership with transaction banking to increase penetration of payroll accounts Merchant CASA proposition process simplification, product bundling Cards Increasing public awareness of improved propositions (grocery and dining offers, Buy1Free1 apps, cash back, better points conversion) Building up new card base while increasing usage Introducing product innovation through Co-branded cards/partnerships Merchants Chain store strategy driving merchant acquisition and volumes Offering CASA bundle to merchants to increase penetration of settlement accounts Improving propositions and service levels (Mobile point of sales in progress) Wealth New fund launches, improved productivity of sales force Attractive banca advisory propositions (Wealth Secure Smart) Cross-selling collaboration to increase banca non-advisory sales 9

H1FY2017 Financial Highlights PATMI 9.2% higher QoQ Higher trading and investment income Costs managed tightly, CTI improved to 55.0% (Q1FY17: 56.3%) PATMI 6.4% lower YoY Top line flat reflecting YoY average margin compression Expense growth reflecting higher personnel and business operating expenses Intensified collection efforts led to sustained recoveries Asset quality strengthened GIL continues to trend down reaching 1.64% R&R stable with impaired R&R at circa 0.6% of gross loans Loans growth relatively flat Good momentum in Mortgage and trade finance Momentum building in SME Contraction in Auto Finance and corporate loans CASA composition 21.9% Deposits contracted 6.8% YoY inpart reflecting active management of COF and LDR in intense rate environment Indicative fully loaded CET 1 ratio at 11.2%, with further room for capital optimisation Prudent liquidity management with LCRs for all banking entities above 100% 10

H1FY2017 what remains a short-term task 1 2 3 4 5 Asset quality Improving NIM concern in O&G Low topline in Retail s Increasing CASA and nonresidential growth targeted penetration segments property sectors Perception of low capital Balancing loans growth & NIM while maintaining prudent asset writing strategy Increasing penetration in targeted segments Growth in higher yield products Unfavorable funding position (low CASA penetration) Remain vigilant in proactive account monitoring Collection activities on long outstanding historical accounts Accelerate payroll acquisition and active cash management customers Enhance cash management solutions Adequate to support growth agenda Positioning for MFRS 9 impact & assessment in progress Progressively reduce high RWA % to improve capital efficiency 11

Improved NoII and lower provisions, partially offset by YoY NIM compression RM mil H1FY17 H1FY16 Net Interest Income Non-Interest Income Total Income 1,114.6 1,232.7 790.9 666.0 1,905.5 1,898.7 Expenses 1,060.0 986.8 PBP 845.4 911.9 Provision/ Allowances (106.1) (71.5) PBT 951.5 983.4 Tax & Zakat 216.9 206.8 PAT 734.6 776.6 MI 59.0 54.5 PATMI 675.6 722.0 1HFY16 IntInc NII TInc Exp PBP Prov PBT Tax & Zakat PAT MI 1HFY17 85% 84% 16% 15% 675.6 722.0 YoY (%) 10 E 19 7 8 49 3 5 5 8 6 QoQ (%) 3 5 2 3 33 2 19 4 38 9 Conventional PATMI Islamic PATMI Positive growth in H1FY17 Contraction in H1FY17 0.0 800.0 12

Strong NoII partially offset by subdued NII as YoY NIM compression impedes income growth Net Interest Income (RM mil) Income breakdown YoY growth (%) Composition (%) Non-interest income / Total income: H1FY16 RM666.0m / 35.1% H1FY17 RM790.9m / 41.5% H1FY16 1,232.7 NII - Retail 71.2 11 51 RB s NII lower from margin compression, despite higher loans growth from Mortgages NII - Wholesale 39.4 9 37 WB s COF improved 3bps, whilst NII decreased due to yield compression on corporate loans NII - Others 7.4 5 12 H1FY17 1,114.6 10 Non-Interest Income (RM mil) H1FY16 666.0 Credit card & merchant inc 0.5 1 8 Funds mngt & Brokerage 6.2 5 14 Broking fee declined on lower turnover WB loans, IB Adv & Underw.fees Mkts Sales & Fixed Inc Syndication kets Trading Insurance inc* ¹ Foreign exchange Others 9.9 67.1 56.3 56.3 39.8 18.2 12 >100 >100 29 76 15 12 15 5 32 1 13 Increase from higher loan underwriting fees and commission on trade facilities Underpinned by trading gain from fixed income Stronger fixed income trading, capitalising on favorable yield curve movement Higher claims income as historical claims experience improved. Improved investment income Forex loss from balance sheet revaluation attributable to depreciation of USD MYR H1FY17 790.9 19 1. Include investment income from General Insurance business 13

NIMs stabilised reflecting release of higher-cost deposits NIM QoQ trend vs. industry 5.14% 5.15% 5.08% 5.07% 5.01% 4.92% 4.62% 4.51% 4.55% 4.60% 4.59% 4.51% 3.38% 3.41% 3.36% 3.31% 3.27% 3.29% 3.29% 3.39% 3.42% 3.31% 3.29% 3.11% Gross Yield Industry Avg. Lending Rate COF Avg 1M KLIBOR Quarterly net interest income (RM mil) & NIM movement 2.45% 2.54% 2.38% 2.33% 696 FY15 NIM: 2.43% 723 682 669 2.12% 2.11% 1.93% 1.92% 1.94% 1.92% 617 616 FY16 NIM : 2.02% YTD FY17 NIM : 1.93% 581 565 566 549 2.12% 2.11% 1.93% 1.92% 1.94% 1.92% NIM Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Q1FY15 Q2FY15 Q3FY15 Q4FY15 Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 QoQ NIM movement (bps) Q1FY17 194 Asset re-pricing: - Wholesale - Retail Deposits: - Retail CASA - Cash management - Corporate - Deposits mix (2) (2) 1 1 1 (1) Q2FY17 192 QoQ NIM movements NIM compressed 2 bps driven by: Wholesale: Lower NIM from corporate loans partially compensated by higher margins from trade loans and kets Retail: Mortgages NIM impacted by timing of revision in base rate following the change in OPR and Auto mix Improved margins on CA and Cash Management partially offset by mix 14

Asset quality remains well positioned Credit costs tracking better than industry average since FY14, benefiting from earlier portfolio de-risking, consistent credit underwriting standards and rebalancing strategy Allowances (RM mil) H1FY16 Individual Allowance Collective Allowance Recoveries Others H1FY17 Gross impaired loans ratios 2.51% 2.43% Retail Wholesale Group Industry 2.17% 2.01% 1.95% 2.00% 1.86% 2.22% 1.90% 1.79% 1.88% 1.79% 1.81% 1.96% 1.81% 1.94% 1.69% 1.87% 1.91% 1.74% 1.63% 1.68% 1.55% 1.52% 1.53% 1.76% 1.65% 1.64% 1.52% (71.5) (106.1) 1.08% 0.98% 13.2 30.7 (23.2) 14.0 Q1FY15 Q2FY15 Q3FY15 Q4FY15 Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Credit costs (vs. industry¹) Exposure to real estate sector by internal risk grades Exposure to oil & gas sector by internal risk grades AmBank Group FY13 FY14 FY15 FY16 H1FY16 H1FY17 Credit cost Credit cost (excluding recoveries) 1.00% 0.50% 0.00% 0.21% 0.08% -0.04% -0.19% -0.12% -0.17% 0.90% 0.94% 0.69% 0.46% 0.32% 0.52% Industry AmBank ginal ~ Substandard 13% Satisfactory ~ Moderate 33% Impaired 5% Total loans to Real Estate sector: Approximately 13% of total gross loans Strong ~ Very Strong 49% Impaired ginal ~ 3% Substandard 2% Satisfactory ~ Moderate 17% Total loans to O&G sector: Approximately 4% of total gross loans Strong ~ Very Strong 78% -0.50% -08-09 -10-11 -12-13 -14-15 -16 Sep-16 1. An average of eight peer domestic banks 2. Latest industry data available as at -16 only 15

Actively managing deposits to reduce COF Managing down higher cost deposits Deposit and CASA balance (RM bil) Deposits QoQ growth: 4% CASA QoQ growth: 14% Sustaining CASA through higher cash management accounts and growing payroll subscribers through higher collaboration between Transaction Banking and Retail CASA Fixed deposits CASA Composition (%) 20.5% 20.3% 20.9% 20.9% 20.4% 20.7% 90.0 92.1 89.8 89.3 90.9 90.4 24.5% 86.7 83.2 21.9% FDs contracted from intense rate competition as we focused on managing our COF 71.5 73.4 71.0 70.5 72.4 71.6 65.5 65.0 18.5 18.7 18.8 18.8 18.5 18.7 21.2 18.2 Q3FY15 Q4FY15 Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Deposits by type of customers (RM bil) CASA market share and industry CASA balance 1 (RM bil) Retail Non-Retail Deposits YTD growth: 7.8% CASA YTD growth: 2.4% 90.4 83.2 71.6 65.0 48.9 43.0 Industry CASA AmBank Grp Mkt Share 4.3% 4.3% 4.4% 4.3% 4.4% 4.9% Includes a RM1.6b short-term client placement 4.3% 40.6 35.3 13.4 12.8 5.3 5.4 8.2 7.7 5.3 5.4 5.2 5.1 18.7 18.2 8.2 7.7 10.5 10.5 31.0 29.7 41.5 40.2 '16 Sep'16 '16 Sep'16 '16 Sep'16 '16 Sep'16 '16 Sep'16 Savings Current CASA Fixed Core Account Account Deposits Deposits 15 15 Sep 15 Dec 15 16 16 Sep 16 1. Based on BNM data as at August 2016 16

Slower loans growth and higher corporate repayments, Mortgage outperforming ket Gross loans movement (RM bil) FY16 87.9 YTD growth (%) Composition (%) Trade Loans 87.9 0.2 E 2 7 Trade Finance benefiting from higher utilisation SME 88.0 0.2 E 2 15 Corporate Banking 86.4 1.9 E 9 21 Corporate lending decreased due to major repayments and subdued business outlook IB 86.4 0.0 E 2 2 Mortgage 86.4 2.0 E 10 26 Increasing sales productivity whilst targeting preferred segments Auto Fin 87.4 1.0 E 5 24 Slower Auto sales Cards 87.4 0.0 = 2 Others 87.3 0.2 E 5 3 H1FY17 87.3 E 0.7 17

Adequate capital levels with optimisation opportunities Group capital ratios remain adequate, whilst we are optimising capital structure and RWA efficiency for Basel III FHC @ FY2020 Positioning for MFRS 9 and impact assessment in progress Basel III FHC indicative ratio as at 30 September 2016 CET 1: 11.2% Double leverage ratio:1.13x; Leverage ratio: 10.9%; Total leverage ratio: 8.5% RWA/Total assets 77.8% 111.9 1 Total Assets RWA/Total Assets Industry 72.4% 72.7% 71.5% 71.2% 75.8% 64.1% 62.2% 63.7% 62.4% 61.1% 61.6% 127.0 132.4 133.8 133.8 124.4 FY12 FY13 FY14 FY15 FY16 H1FY17 Capital adequacy ratios 1 CET 1 Tier 1 RWCAR/Total CAR 14.8% 15.5% 15.8% 16.1% 11.0% 11.2% 11.8% 12.2% RM bil 1. An average of eight peer domestic banks @ e 16 16.5% 12.9% 63bps 16bps 19bps 2bps 11.25% 9.3% 9.7% 10.5% 11.2% 11.9% 10.64% 7bps FY13 FY14 FY15 FY16 H1FY17 Dividend payout 1. Based on Aggregated Banking Entities and after proposed dividend Interim dividend (sen) Final dividend (sen) Dividend payout 43% 40% 41% 41% 36% Q1FY17 Retained earnings Proposed dividends Credit RWA ket RWA Operational RWA & others H1FY17 15.3 13.5 15.0 16.9 12.0 10.5 6.6 7.0 7.2 5.0 5.0 FY12 FY13 FY14 FY15 FY16 H1FY17 18

Expectations for 2HFY2017: 1. Ongoing focus on balancing loans growth, asset quality and margins 2. Active margin management 3. Targeting negative expense growth through tight control, with increasing benefits from efficiency agenda 4. Expecting stronger performance in targeted segments, with momentum in SME and higher utilisation in Corporate 5. Overall asset quality expected to remain sound with balance sheet positioned to weather potential NPL increase 6. Further details on our capital optimisation plans 7. Transition of new senior appointments 8. Continue to focus on investment in key segments and execute on our Top 4 Aspirations 9. Momentum is building towards our FY2017 targets and we are positioned for potential headwinds 19

Performance guidance for FY2017 - FY2018 Reported Capital ROE 1 PATMI 1 CTI Dividend Proforma ±1% FY17 8.5-9% Circa 5% Growth <57% CET 1: 10% Circa 40% payout FY18 Circa 10% Circa 10% Growth 50% Total: 15% Refers to FHC CAR 1. Based on projected 2016 GDP growth of 4%, revised down from 4.2% 20

Group Performance

Quarterly performance reflects initial progress on strategic initiatives PATMI (RM mil) & ROE (%) Net lending (RM bil) PATMI ROE PATMI QoQ growth: 9.2% ROE QoQ growth: 0.5% Loans excluding Auto Finance QoQ growth: 0.3% QoQ growth (excl.af): 1.2% Auto Finance 84.7 85.7 86.2 84.1 85.3 85.4 86.5 85.8 86.1 12.7% 11.8% 15.1% 9.3% 10.2% 8.0% 7.5% 8.5% 9.0% 24.6 24.1 24.1 23.3 23.3 22.7 22.7 22.2 22.2 21.8 21.8 21.6 21.6 21.4 21.3 20.8 20.8 20.4 352.6 445.8 416.6 519.2 339.5 382.5 300.2 280.0 323.0 60.6 62.4 63.5 61.9 63.5 63.8 65.2 65.0 65.7 Q2FY15 Q3FY15 Q4FY15 Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Q2FY15 Q3FY15 Q4FY15 Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Customer deposits 1 (RM bil) and LDR ratio (%) Total income (RM mil) and non-interest income (%) Customer deposits Adjusted LDR ratio QoQ growth: 3.9% YoY growth: 1.7% 89.3% 85.9% 83.8% 84.3% 85.6% 82.8% 84.7% 85.8% 89.6% 36.1% Total Income Non-interest income % 32.8% 39.9% 36.0% 34.1% 34.9% 34.9% CAGR FY11-16: 1.2% QoQ growth: 0.3% 40.5% 42.5% 1,131.4 1,015.0 1,112.2 963.8 934.9 892.5 904.5 951.2 954.2 57.5% 57.5% 94.8 99.8 102.8 99.8 99.7 103.2 102.1 100.0 96.1 Q2FY15 Q3FY15 Q4FY15 Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Q2FY15 Q3FY15 Q4FY15 Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 1. Customer deposits include stable funding sources 22

Yearly performance underpinned by higher NoII & lower provisions PATMI (RM mil) & ROE (%) Cost to income ratio and expenses growth (%) PATMI Reported PATMI PATMI Underlying CAGR FY11-16: 0.6%/ 0.2%¹ YoY growth: 6.4% ROE (%) 13.6% 13.8% 13.9% 14.1% 13.8% 1,919 ROE CAGR FY11-16: 1.0%/ 0.9%¹ YoY growth: 1.1% 8.8% 9.8% 8.7% CTI% Expenses growth% CTI: CAGR FY11-16: 3.7%/ 3.5% 1 YoY growth: 3.6% 40.1% 41.7% 47.9% 45.6% 45.7% 58.8% Expenses: CAGR FY11-16: 6.7%/ 6.1% 1 YoY growth: 19.7% 52.0% 55.6% 1,356 1,343 1,484 1,621 1,782 1,639 1,302 722 676 3.6% 14.0% 16.8% 3.1% -0.2% 0.8% -12.3% 7.4% FY11 FY12 FY13 FY14 FY15 FY16 H1FY16 H1FY17 FY11 FY12 FY13 FY14 FY15 FY16 H1FY16 H1FY17 Total income (RM mil) and non-interest income (%) Total income (underlying) Total income (reported) Non-interest income % 30% 34% 31% 3,926 4,306 4,379 34% 4,743 41% 4,725 4,263 36% 35% 3,696 CAGR FY11-16: 1.2% YoY growth: 0.3% 42% ROA (%) and EPS (Basic) ROA EPS CAGR FY11-16: 0.07%/ 0.06%¹ CAGR FY11-16: 0.6% YoY growth: 0.04% YoY growth: 6.3% EPS ROA 1.39% 1.39% 1.37% 1.45% 1.60% 1.05% 1.18% 1.14% 63.8 59.3 54.0 49.6 44.7 43.3 24.0 22.5 1,899 1,905 FY11 FY12 FY13 FY14 FY15 FY16 H1FY16 H1FY17 FY11 FY12 FY13 FY14 FY15 FY16 H1FY16 H1FY17 1. Underlying 23

Improved growth momentum from Wholesale Banking and General Insurance Profit before provision (RM mil) Reported 2,580.4 Underlying 2,566.8 2,194.6 1,575.2 1,521.5 911.9 845.4 FY14 FY15 FY16 H1FY16 H1FY17 1. Divestment gains from AmLife, AmFamily Takaful and AmFraser 2. Regulatory penalty incurred 1 2 YoY growth: 7.3% Wholesale Bank s higher profits driven by debt capital markets syndication and stronger fixed income trading Retail Banking impacted by YoY margin contraction. Mortgages registered stronger loans growth. Cards and Bancassurance provided stable contributions. Auto Finance contracted from weaker vehicle sales Insurance income higher due improved historical claims experience WB YoY PAT (RM mil) Divisional PAT Contribution (YoY) 31% Wholesale Banking Coverage 48% Global kets 15% Others Capital & 0% Equity Mkts Funds Mgt 12% 4% 96% 72% Transaction Banking 21% 5% 32% 37% 8% 15% >100% Others General -6% Insurance 16% Retail Banking 24% Reported Wholesale Banking 65% 12% 24

Higher NoII from trading and insurance Non-interest income (RM mil) YoY growth: 18.7% QoQ growth: 5.1% Non-interest income by lines of business (YoY) Fee Trading & Investment Insurance Others 45% 385.6 13.6 405.3 37.5 Others 5% Investment Banking 15% 94% 347.5 339.3 24.0 318.6 311.7 23.5 18.8 49.4 146.3 84.2 109.2 82.7 75.3 62.7 65.5 62.5 84.2 72.4 64.9 142.2 36% Insurance 33% Insurance & Others 38% 15% RB 15% WB 47% 41% kets 12% >100% Fund Management 8% 15% 13% 151.5 146.9 155.2 133.4 160.7 141.4 Other Retail 6% 33% Cards 8% Corp & Comm Wealth Banking 12% Management 1% 7% Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 1% 16% 25

Current outlook requires active monitoring Loan loss coverage vs. industry Lower loan loss coverage reflecting exposure to several non-residential property accounts, which most are well collateralised More than 50% of impaired loans are made up of realestate and residential properties, which are generally well-secured 114.6% 95.6% 129.3% 127.4% 131.5% 104.9% 103.0% 99.4% 102.2% 104.5% 98.8% 94.3% 91.2% Industry 89.6% 81.1% 81.2% 83.5% AmBank Group FY12 FY13 FY14 FY15 FY16 Q1FY17 Q2FY17 Impaired loans by sectors and YTD movement Adjusted AmBank Group 1 107.0% 1. Adjusted AmBank Group LLC excludes a single large and well-secured impaired corporate loan 3.3% Exposures to O&G sector are closely monitored and majority of the exposures (circa 95%) are internally assessed as moderate risks or better 55.7% 81.3% Construction 2% Others 14% 7.3% Manufacturing 2% Mining and quarrying 7% Transport Vehicles 16% 13.4% Total GIL RM 1,427m 3.3% Residential Properties 23% Real Estate 36% 10.6% 0.5% 26

Asset quality reflects consistent credit underwriting standards Impaired loans (RM mil) Provision charges/(writebacks) (RM mil) Gross Impaired Loans 1.98% 1.86% 1,680.5 1,662.1 GIL Ratio 1.79% 1,572.7 1.94% 1,700.9 1,426.9 1.64% Performing Loans Non-Performing Loans Recoveries Others -37.5 30.4-209.5-71.5-106.1 834.6 650.7 323.9 208.2-61.0 3.8-278.1-276.4-322.1-298.9-624.4-565.0-12.2-19.2-18.8 FY13 FY14 FY15 FY16 H1FY17 FY15 FY16 H1FY16 H1FY17 Impaired loans key segments (RM mil) Collective allowance balance (RM mil) FY14 FY15 FY16 H1FY17 H1FY16 H1FY17 H1FY16 total: RM1,340.6 mil 615.4 H1FY17 total: RM1,052.4 mil 3.1% 2.8% 2.4% 1.7% 1.3% 1.2% 2.2% 1.8% 1.7% 2.0% 1.7% 1.5% 2.2% 1.8% 1.6% 0.8% 265.0 175.2 421.4 193.8 179.4 266.4 276.3 Auto finance Mortgage Retail Wholesale Banking Defaulted assets Non-defaulted assets Model risk adjustment Macro adjustment 27

Loans by sector vs. industry Loans composition YTD growth Loans by sector 4.5% 3.3% 10.0% 0.5% 4.6% 5.3% 1.8% 3.9% 9.4% 2.2% 53.9% 0.6% 5.1% 4.2% 2.8% 11.9% 3.7% 7.1% 10.6% 7.1% 6.4% 7.1% 2.0% 16.6% 0.7% Sep-16 Loans by purpose Purchase of transport vehicles Sep 16 RM bil YTD growth Composition 20.9-5.2% 23.9% Working capital 25.8-1.2% 29.5% Purchase of resi property 20.2 +10.4% 23.1% Purchase of non-resi property 7.1-2.8% 8.1% Other purpose 4.3-4.8% 5.0% Purchase of securities 2.4-6.4% 2.7% AmBank Group (RM bil) 87.3 Construction 2.8-8.3% 3.2% 47.0 Personal use 1.7 +1.9% 1.9% Credit card 1.3-5.9% 1.4% 3.9 2.9 8.8 0.4 Agriculture Mining & Quarrying 4.0 4.7 Wholesale, Electricity, Manufacturing Gas & Water Construction Retail, Restaurant 1.6 3.4 8.2 2.0 Transport, Storage & Com Finance, Insurance, & Biz Act Real Estate Education & Health 0.5 Household Others Total Loans Purchase of fixed assets 0.9-16.4% 1.0% Consumer durables 0.0 +0.0% 0.0% 87.3-0.7% 100.0% 36.8 12.7 99.9 9.9 63.5 109.3 33.6 104.1 106.4 42.6 849.3 15.7 Loans by purpose Purchase of transport vehicles Sep 16 RM bil YTD growth Composition 168.2-0.3% 11.3% Working capital 352.6 +1.5% 23.8% Industry (RM bil) 1,483.8 Purchase of resi property 466.8 +4.4% 31.5% Purchase of non-resi property 205.5 +2.7% 13.9% Other purpose 64.7 +5.0% 4.4% Sep-16 Purchase of securities 70.3-1.7% 4.7% Loans composition YTD growth 2.5% 0.9% 6.7% 0.7% 4.3% 7.4% 2.3% 7.0% 7.2% 2.9% 57.2% 1.1% 2.9% 3.2% 0.5% 10.7% 0.8% 2.6% 0.0% 3.4% 5.5% 3.9% 2.6% 4.3% 2.4% Construction 45.0 +1.9% 3.0% Personal use 65.3 +2.0% 4.4% Credit card 35.6 +1.7% 2.4% Purchase of fixed assets 9.7 +0.8% 0.7% Consumer durables 0.1-2.3% 0.0% Source : BNM, financial statements 1,483.8 +2.4% 100.0% 28

Deposits movement AmBank Group (RM bil) Sep'16 Deposits Composition (AmBank Group) YTD growth 2.1% 8.3% 29.6% 7.9% FCY 3% Current Account & Savings Account 21% 63.7 83.2 Term Deposits 76% 17.1 2.4 CASA Term Deposits FCY & Others Total Deposits Deposits Composition (Industry) 429 360 872 1,661 FCY & Others 22% Current Account & Savings Account 26% YTD growth 0.4% 1.7% 0.8% 0.8% Term Deposits 52% Sep'16 Industry (RM bil) 29

Managing expenses to create headroom for growth initiatives Expense growth driver (RM mil) 535.5 22.3 Expenses: YoY: 7.4% QoQ: 2.1% CTI ratio: Q1FY17: 56.3% Q2FY17: 55.0% 7.0 1.1 1.9 3.0 520.1 1.4 524.5 0.6 Q1FY17 Personnel Opex Sales & keting Regulatory Projects Q2FY17 preinvestment Regulatory & Compliance New channels & Initiatives Q2FY17 Planned projects & investments spend in FY17 (CAPEX & OPEX) (RM mil) Others 14% Growth 10% Productivity 12% CTI improvement QoQ on lower personnel expenses, reflecting active cost management Compliance 28% Capex: RM121 mil Opex: RM41 mil Infrastructure 31% Productivity 26% Infrastructure 36% OPEX initiatives captured YTD savings of RM62 million 30

Diversified funding structure, prudent liquidity management Conservative stance on liquidity management with LCRs >100% for all banking entities Higher composition of stable medium term funding vis-à-vis industry, creates stability though weighs on cost of funds Funding composition vs. industry Equity & debt capital Customer deposits Term funding & loans with recourse >1year Term funding & loans with recourse <1year Deposits from banks & FIs FY10 FY13 FY15 FY16 H1FY17 Industry Ave 1 15% 14% 15% 16% 16% 15% 77% 75% 74% 73% 72% 73% 2% 7% 8% 8% 9% 1% 1% 1% 2% 1% 6% 5% 3% 2% 1% 2% 6% 1. Based on an average of eight peer domestic banks industry data as at e 16 Funding maturity profiles Loan-to-deposit ratio Term funding & Debt capital Deposits from customers and Banks & FIs LDR 1 Adjusted LDR 98.8% 14% 1% 11% 94.2% 93.7% 93.7% 4% 89.8% 88.8% 88.1% 90.8% 91.7% 89.6% 86% < 1 yr > 1 yr < 6 mth 6-12 mth 1-3 yr 3-5 yr 84% 83.8% 84.7% FY12 FY13 FY14 FY15 FY16 H1FY17 1. Includes stable funding sources 31

Divisional Performance and Business Insights

Retail banking overview Total income and loans by line of business (RM mil) Total income Wealth Sales (RM mil) QoQ growth: 52.7% YoY growth: 36.8% 736 16% 54% Others Wealth 4% 2% Auto 22% 19% 429 538 393 436 482 2% Deposits 32% Others 2% SBB 2% Cards 3% Total loans Auto 44% Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Merchant Volume QoQ growth: 100.9% YoY growth: 5.3% RM47.2 b Mortgage 49% Mortgage 18% 5% Merchant volume (RM'mil) Merchants in force ('000) 55.2 54.6 56.5 57.3 50.0 7,529 10,219 50.6 Personal Financing 3% 4,952 5,214 43% Cards 19% 2,412 2,595 13% Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 33

Retail banking uplift driven by recoveries Top line growth impacted by NIM compression QoQ PAT (RM mil) QoQ growth: 26.5% YoY growth: 14.7% QoQ Mortgage growth partially offset by contraction in Auto Finance from weaker vehicle sales FY15: RM419.9 mil FY16: RM463.8 mil H1FY17: RM177.8 mil CASA ratio relatively flat QoQ at 26.1%; deposits declined 1.8% QoQ reflecting prolonged rate competition 122.6 102.0 76.3 119.0 120.6 87.8 136.1 119.3 78.5 99.3 Q1FY15 Q2FY15 Q3FY15 Q4FY15 Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 QoQ deposit balance (RM bil) Mortgage and auto finance disbursement QoQ (RM bil) Total deposits CASA % QoQ growth: 1.8% YoY growth: 2.8% Mortgage Auto Finance Mortgage YoY growth: 42.3% Auto YoY growth: 17.1% 26.8% 25.5% 24.8% 25.1% 25.3% 25.5% 25.0% 25.4% 26.0% 26.1% 40.2 40.0 40.9 42.1 42.7 42.1 41.4 41.8 41.5 41.0 Q1FY15 Q2FY15 Q3FY15 Q4FY15 Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Q1FY15 Q2FY15 Q3FY15 Q4FY15 Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 34

Retail banking Income Statement (RM mil) YoY growth 11.3% 15.0% 11.9% 4.7% 34.2% >100% 14.8% 15.2% 14.7% RM mil Net Interest Income Non-Interest Income Total Income Expenses PBP Provisions/ Allowances PBT Tax & Zakat PAT H1FY17 561.8 119.7 681.5 463.8 217.7 (15.2) 232.9 55.1 177.8 H1FY16 633.0 140.8 773.8 443.1 330.7 57.4 273.3 64.9 208.4 Balance Sheet (RM mil/%) H1FY17 vs H1FY16 H1FY17 H1FY16 Gross Loans / Financing 45,767.6 47,200.0 +3.1% H1FY17 PAT (composition Group) Gross Impaired Loans 1.52% 874.9 719.3 - -17.8% Customer Deposits 41,398.5 40,233.5 - -2.8% 24% CASA Deposits 10,527.4 10,500.5 - -0.3% ROA 0.90% 0.75% - -0.15% CTI 57.6% 68.1% +10.5% Allowance Coverage 70.1% 63.9% - -6.2% H1FY17 PAT H1FY17 PAT Positive growth in H1FY17 Contraction in H1FY17 35

Retail banking Distribution channels Nationwide Branch Network Branches ATM RO 1 Perlis 1 4 Perlis Kedah 6 29 1 Kedah Pulau Pinang Perak Selangor Kuala Lumpur Putrajaya Kelantan Melaka Pahang Terengganu Negeri Sembilan Johor Sarawak Labuan Brunei Darussalam Sabah Pulau Pinang 14 49 1 Perak 18 47 1 Selangor 38 236 2 Kuala Lumpur 23 123 3 Putrajaya 1 3 Negeri Sembilan 7 39 Melaka 6 39 1 Johor 21 87 1 Pahang 9 33 1 Population Density: < 100 persons per km 2 101-500 persons per km Note: Brunei: AmCapital (B) Sdn Bhd 501-1,000 persons per km 2 1,001-1,500 persons per km 2 >1,501 persons per km 2 Other Customer Touch Points Terengganu 4 20 Kelantan 2 22 Sabah 9 37 1 Labuan 1 2 Sarawak 15 51 1 175 821 13 AmBank Islamic branches Weekend Banking Branches ATMs @ 7-Eleven Electronic Banking Centres Internet & Mobile Banking AmGeneral AmMetlife AmInvestment AmCard Services MBC 2 3 75 344 183 AmOnline AmGenie 29 branches 4 counters 15 branches 48 agencies 13 25 1. RO Regional Offices 2. MBC Merchant Business Centres 36

Wholesale banking overview Total income and total assets by line of business (RM mil) Unit Trust FUM (RM bil) 12% Funds Management 8% 33% Others 3% 11.3 13.4 19.0 18.7 21.0 21.5 19.4 21.8 89% Capital & Equity kets 15% Others 3% Capital & Equity kets 3% Transaction Banking 13% Wholesale Banking Coverage 65% Total Assets Wholesale Banking Coverage 37% 13% FY10 FY11 FY12 FY13 FY14 FY15 FY16 H1FY17 ket Share of Volume Traded on Bursa (KLSE) 2% Transaction Banking 20% Global kets 16% 7.6% 7.4% 6.1% 6.9% 5.5% 5.3% 5.7% 5.4% Global kets 17% >100% FY10 FY11 FY12 FY13 FY14 FY15 FY16 H1FY17 37

Wholesale banking reflecting higher fixed income Total income and NoII increased 9.5% and 40.9% YoY respectively from primary sale of sukuk and stronger fixed income trading (lower yield curve from BREXIT) NII decreased 8.7% YoY from margin contraction on corporate loans Funds under management gaining momentum from strategic initiatives Few major repayments led to 3.9% decline in YTD gross loans SME loans grew 2% YTD League table QoQ PAT (RM mil) QoQ growth: 0.7% YoY growth: 12.3% FY15: RM987.4 mil FY16: RM816.7 mil H1FY17: RM479.5 mil 216.4 260.9 241.3 268.8 192.6 234.3 180.4 209.3 240.6 238.8 Q1FY15 Q2FY15 Q3FY15 Q4FY15 Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 Source: FY16 & Q1FY17 numbers have been restated due to realignment of business Net loan disbursement (RM) movement ket Share As At 30 Sep 16 (%) Rank Disbursement Net movement DCM 17.4% 4 Syndicated Loans 21.3% 2 MYR Islamic Bonds 18.1% 4 FUM 1 10.1% 4 Q1FY15 Q2FY15 Q3FY15 Q4FY15 Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q1FY17 Q2FY17 1. FUM data consists of unit trust funds only 2. Calendar Year data 1. Net movement equals to disbursement less repayment 38

Wholesale banking Income Statement (RM mil) YoY growth 8.7% 40.9% 9.6% 9.0% 9.8% >32.1% 13.2% 16.1% 12.3% RM mil Net Interest Income Non-Interest Income Total Income Expenses PBP Provisions/ Allowances PBT Tax & Zakat PAT H1FY17 414.6 371.8 786.4 270.4 516.0-109.9 625.9 146.4 479.5 H1FY16 454.0 263.8 717.8 248.0 469.8-83.2 553.1 126.2 426.9 Balance Sheet (RM mil/%) H1FY17 vs H1FY16 H1FY17 H1FY16 Gross Loans / Financing 41,036.7 40,033.9 - -2.4% H1FY17 PAT (composition of Group) Gross Impaired Loans 1.77% 821.9 707.6 - -13.9% Customer Deposits 49,847.6 45,242.8 - -9.2% CASA Deposits 8,890.3 8,388.9 - -5.6% ROA 1.68% 1.87% +0.19% CTI 34.5% 34.4% - -0.2% 65% Allowance Coverage 71.0% 37.4% - -33.5% Ave Assets Management 47,124.6 46,026.7 - -2.3% H1FY17 PAT H1FY17 PAT Positive growth in H1FY17 Contraction in H1FY17 39

General insurance higher from improved historical claims experience YoY PAT (RM mil) YoY growth: 8.0% General Insurance posted a higher profit underpinned by the release of claims reserve from better claims experience. 175.0 256.4 194.0 Gross premium recorded a marginal increase impacted by lower car sales but offset by higher non-motor insurance 93.4 116.2 110.3 119.2 FY12 FY13 FY14 FY15 FY16 H1FY16 H1FY17 Loss ratio and combined ratio Loss Ratio Combined Ratio Premium growth (RM mil) Motor Non-Motor YoY growth: 0.6% 90.7% 89.4% 94.8% 91.2% 96.4% 91.2% 92.3% 1,701.1 1,565.5 1,567.4 1,203.8 18.8% 18.0% 18.4% 18.1% 65.4% 60.5% 63.0% 62.8% 64.0% 62.7% 58.4% 638.1 20.4% 79.6% 81.9% 81.2% 82.0% 81.6% 763.9 768.7 18.1% 18.6% 81.9% 81.4% FY12¹ FY13² FY14 FY15 FY16 H1FY16 H1FY17 1. Before Kurnia acquisition 2. Included 6 months of Kurnia (Acquisition of Kurnia on 26 Sept 2012) FY12¹ FY13² FY14 FY15 FY16 H1FY16 H1FY17 40

AmGeneral Insurance 3 - Year Strategy Overview Where we want to be by FY18/19?: To be the Most Trusted Insurer in Malaysia How will we grow our businesses in FY16/17 to achieve our FY18/19 goals? Priorities: 1. Be the No.1 Motor Insurer 2. Lead in Select Personal Lines 3. Grow in Select Commercial Lines 4. Build a Customer Oriented Organization 5. Create a High Performance Culture Where do we want to play? Segment Play: Motor Personal Lines Commercial Lines Value proposition: Simplified and practical solutions for customer across all touch points for increased customer satisfaction Superior Claims Service and improved Turnaround Time (TAT) Innovative Digital Offerings Competitive Underwriting Innovative products that customers want What are the enablers to grow our business in FY16/17? Distribution People Claims Customer Technology Product Pricing Brand Risk Data & Analytics Develop the best sales capability & effective distribution model Attract & develop people to be the best Drive a balanced outcome on service, quality and cost management Become a customer oriented organization, applying customer centric principles to all customer touch points Invest in technology capabilities to gain competitive edge & reduce complexity to increase speed to market Deliver easy to understand and competitive products Lead the market with pricing capability Develop sustainable competitive advantage via a valuable and differentiating brand position Take a leadership role to help manage risk in the community and our organization Optimize data management to make more informed business decisions 41

Insurance and Group Funding & Others Income Statement Insurance (General & Life/Takaful) (RM mil) YoY growth 27.4% 21.5% 34.5% 81.5% 37.0% >100.0% 20.5% H1FY17 PAT (composition of Group) 18% RM mil Total Income Expenses PBP Provisions/ Allowances PBT Tax & Zakat PAT H1FY17 328.8 170.4 158.4 0.4 158.0 28.1 129.9 H1FY16 258.0 140.2 117.8 2.5 115.3 7.5 107.8 Income Statement Group Funding & Others (RM mil) YoY growth 27.0% 0.1% >100.0% >100.0% >100.0% >100.0% >100.0 % 8.0% >100.0% H1FY17 PAT (composition of Group) -7% RM mil Total Income Expenses PBP Provisions/ Allowances PBT Tax & Zakat PAT MI PATMI H1FY17 108.8 155.5-46.7 18.5-65.2-12.7-52.5 58.4-110.9 H1FY16 149.1 155.6-6.5-48.2 41.7 8.2 33.5 54.1-20.6 H1FY17 PAT H1FY17 PAT Positive growth in H1FY17 Contraction in H1FY17 42

Roadmap & Strategy Focus: Focusing on customercentricity, AmMetLife wants to be the preferred life insurer of choice for all Malaysians 2015-2016 Revitalise Distribution Strengthen Foundation 2017 Accelerate Business` 2018 and beyond Customer-centric Organization Multi-channel distribution Revitalise & rebuild professional Agency Force Expand Bancassurance Specialist distribution Leverage on MetLife global expertise to expand Employee Benefits to multinational corporations Strengthen foundation Enhance technology support Expand product offerings Build high-performing employee culture Digitalization Going digital for customers and intermediaries Drive operational efficiency Simplified customer-centric service delivery 2016 Key Achievements: 36% Agency Manpower Growth Diversified Products Employee Benefits Co-brand Card Modern, Trusted, Customer-centric 43

Islamic Banking Income Statement (RM mil) YoY growth 0.9% 19.4% 21.0% 75.7% 5.7% 3.0% 6.5% H1FY17 PAT (composition of Group) 17% RM mil Total Income Expenses PBP Provisions/ Allowances PBT Tax & Zakat PATZ H1FY17 443.1 283.9 159.2 10.7 148.5 32.7 115.9 H1FY16 439.4 237.8 201.5 44.0 157.5 33.7 123.9 Balance Sheet (RM mil/%) H1FY16 H1FY17 H1FY17 vs H1FY16 Gross Financing 27,780.3 26,687.9 - -3.9% PATZ: profit after tax and zakat H1FY17 Gross Financing (composition of Group) Gross Impaired Financing 2.15% 640.5 574.2 - -10.3% Customer Deposits 28,695.3 24,010.0 - -16.3% CASA Deposits 5,710.6 5,966.5 +4.5% 31% ROA 0.63% 0.64% +0.01% CTI 54.1% 64.1% +9.9% Allowance Coverage 79.3% 65.3% - -14.0% H1FY17 PAT H1FY17 PAT Positive growth in H1FY17 Contraction in H1FY17 44

Funding sources and maturity profile Funding diversity underpinned by LDR 1 of 89.6% CASA: RM18.3 billion Fixed deposits: RM65.0 billion Supplemented by term funding & debt capital AMMB Holdings Berhad 1. RM2b Medium Term Notes Programme (Senior and/or Subordinated) AmBank (M) Berhad 1. RM500m Innovative Tier-1 Capital Securities Programme 2. RM500m Non-innovative Tier 1 Capital Securities Programme AmBank Islamic Berhad 1. RM2b Subordinated Sukuk Musharakah Programme 2. RM3b Senior Sukuk Musharakah Programme AmBank (M) Berhad & AmBank Islamic Berhad Loans with Recourse 3. RM2b Medium Term Notes 4. RM4b Tier-2 Subordinated Notes 5. RM7b Senior Notes 2 6. USD2b Euro Medium Term Notes 3. RM3b Basel III-compliant Subordinated Sukuk Murabahah Programme via Tawarruq arrangement Recourse obligations on loans sold to Cagamas - maturing in 2017 and 2018 Islamic financing sold to Cagamas maturing in 2016 and 2018 Funding characteristics Improve funding stability, maturity gap and liquidity ratios Reduce dependence on short-dated deposits to fund long-dated fixed rate loan assets which incur liquidity risk and interest rate risk Diversifies investor base No obligation for buy back since we are not exposed to withdrawal risks and the notes are traded in the open market Enable depositors to invest in long and medium dated papers Statutory reserve and liquidity requirement savings Reduced exposure to interest rate risks 1. Includes stable funding sources from additional Tier 1 and Tier 2 capital which do not meet all qualifying criteria for full recognition of capital instruments under Basel III 2. 1 st senior notes issuance by a financial institution in Malaysia 45

Strengthening fundamentals: Governance, Risk & Compliance Credit Board ket Operations & Technology Senior Management Capital & Liquidity Key Risk Insurance Underwriting Group Compliance & Risk Reputation Legal & Regulatory 46

ANZ & IAG Value proposition Seconding ANZ staff into key roles Providing technical expertise Support new product development Two-way customer referrals Joint account planning Access to regional network & connectivity Value proposition Involved in the management of AmGeneral Insurance, offering skills transfer, partnership and relationship models of IAG Adding value through claims re-engineering savings, increased revenue via product development, underwriting and pricing Board representation AMMB Holdings Berhad Graham Hodges Director (Deputy Chief Executive Officer, ANZ) Suzette Corr Director (General Manager HR Institutional, ANZ) Board representation Duncan Brain Director (CEO, IAG Asia) Aidan Pallister Director (Deputy CEO and Executive General Manager, Customer Solutions of IAG Asia) Management representation Mandy Simpson Chief Financial Officer Nigel Denby Chief Risk Officer Tan Chin Aun - Senior Vice President, Transaction Banking Management representation Derek Roberts CEO, AmGeneral Insurance Berhad Luke Boyle COO, Chief Operations Office Darren Ryan Senior Vice President, Claims Chris Tandy Senior Vice President, Product, Pricing & Underwriting Simon Herbert Senior Vice President, Product, Pricing & Underwriting 47

Shareholding structure & franchise value 23.8% 1 AmCorp 13.0% EPF 15.1% Others 48.1% AMMB Holdings Berhad As at 30 September 2016 Retail Banking Wholesale Banking Islamic Banking General Insurance Life Assurance & Takaful 100% AmBank (M) Berhad 100% MBF Cards (M sia) Sdn Bhd 100% AMAB Holdings Sdn Bhd 51% AmGeneral Holdings Berhad 2 49% 33.33% Bonuskad Loyalty Sdn Bhd 100% AmBank Islamic Berhad 100% AmInvestment Bank Berhad 100% AmGeneral Insurance Berhad 3 ~50% AmMetLife Insurance Berhad 4 ~50% 100% AmInvestment Group Berhad ~50% AmMetLife Takaful Berhad 4 ~50% Foreign shareholding excluding ANZ FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 H1FY17 27% 26% 29% 31% 29% 26% 25% 1.ANZ: ANZ Funds Pty Ltd,a wholly owned subsidiary of Australia and New Zealand Banking Group Limited 2.Formerly known as AmG Insurance Berhad 3.Formerly know as Kurnia Insurans (Malaysia) Berhad 4.MetLife owns 50% plus one share in AmMetLife Insurance Berhad, with the remaining shares held by AmBank Group, and AmBank Group owns 50% plus one share in AmMetLife Takaful Berhad, with the remaining shares owned by MetLife 48

Banking sector share price movement/target price and recommendations Upgraded ratings Ratings FY2007 Sept-16 AmBank (M) RAM LT: A2, ST: P1 Outlook: Stable LT: AA2, ST: P1 Outlook: Stable +3 S&P LT: BBB-, ST: A-3 Outlook: Stable LT: BBB+, ST: A-2 Outlook: Stable +2 Moody s LT: Baa2, ST: P-3 Outlook: Stable BFSR: D- LT: Baa1, ST: P-2 Outlook: Stable *BCA: baa3 *Adj BCA: baa3 +1 AmInvestment RAM LT: AA3, ST: P1 Outlook: Stable LT: AA2, ST: P1 Outlook: Stable +3 AmBank Islamic RAM LT: A2, ST: P1 Outlook: Stable LT: AA2, ST: P1 Outlook: Stable AMMB RAM NA LT: AA3, ST: P1 Outlook: Stable +3 * Maintained since 16 15 +1 Notches of ratings upgrades since 2007 Target Price and Recommendations P/EPS : 9.56 ket Price: 4.09 Average TP : RM 4.31 P/BV : 0.80 Buy : 3 (17%) Hold : 9 (50%) Sell : 6 (33%) Ave. TP/ CP : 1.03x 4.50 4.40 Buy/Outperform/Overweight/Add P/EPS & P/BV as at 30 Sep 2016 Source : Bloomberg as at 30 Sep 2016 Hold/Neutral/ket perform Sell/Underperform/Fully valued/reduce/underweight TP: target price 49

Sep Dec Sep Dec Sep Dec Sep Dec Sep Dec Sep Opportunities and outlook Real GDP Growth 3.06 3.09 3.15 3.27 3.91 4.19 4.01 4.05 5.1% 5.6% 4.7% 6.0% 5.0% 4.2% 4.0% 4.3% 2011 2012 2013 2014 2015 1Q 2016 Avg USDMYR 2Q 2016 3Q 2016 Source: Bank Negara Malaysia, Bloomberg, CEIC 2016 GDP Forecast India 7.4 Philippines 7.0 PR China 6.7 Indonesia 5.1 Malaysia 4.0 Thailand 2.4 Singapore 1.5 0.0 2.0 4.0 6.0 8.0 Malaysia s GDP growth GDP growth has moderated sharply in past 2 years due to deteriorating commodity prices Domestic economy expected to remain on current growth trajectory of 4.0%-4.5% driven by domestic demand and export growth Ongoing external headwinds continue to weigh on the domestic economic performance Total Deposits & Repo Business Enterprises Individuals RM1,675.1b Individuals RM637.9b Business Enterprises RM537.0b Industry Deposits Growth (RM bil) Systems deposits relatively stable with individuals showing high savings rate whilst business enterprises reflect preference for higher yield assets 2011 2012 2013 2014 2015 2016 Source: Bank Negara Malaysia Total Loan Applications SME Large Corp Household RM204.0b 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 2013 2014 2015 2016 Annual Growth 1 of Outstanding Loans SME 8.2% Household 5.8% Large Corp - 3.3% Total Loan Applications (RM bil) and Industry Loans Growth Loans growth slowing Outstanding household loans growth moderated to 5.8% at end Sept 2016 (end e 2016: 6.2%) reflecting moderation in outstanding loans for purchase of passenger cars, residential and non-residential property, personal financing 1. Annual growth is for end-period Source: Bank Negara Malaysia 50

Sept Dec Sept Dec Sept Dec Sept Dec Sept Dec Sep Opportunities and outlook CPI Business Conditions Index Consumer Sentiment Index BCI 83.9 CSI 73.6 CPI 1.3% Business and consumer confidence recovering Business outlook for the next three to six months is improving among various business activities. Resilient growth in services, manufacturing and bullish momentum in construction 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 2011 2012 2013 2014 2015 2016 Source: Bank Negara Malaysia, MIER Gross Impaired Loans Loan Loss Coverage GIL 1.65% LLC 89.4% Industry Asset Quality While businesses and households continue to adjust to the more challenging operating conditions and higher cost of living, these adjustments are expected to have modest impact on financial institutions earnings and asset quality 2011 2012 2013 2014 2015 2016 12.8% 8.5% 4.7% 55.0 Business Loans (RM' bil) Business Loans Growth Rate 14.0% 15.0% 1 SME Loans Growth Rate System SME loans growth outpaced GDP Growth GDP growth 9.4% 9.0% 8.0% 9.2% 8.2% 6.0% 5.0% 4.9% 4.2% 4.0% 4.3% 3.8% 2.0% 64.2 65.6 65.3 65.1 62.4 On an annual basis, outstanding business loans grew at a slower pace of 2% as at end September 2016 (end e 2016: 3.8%) The annual growth in outstanding SME loans growth was sustained at 8.2% as at end September 2016 (end e 2016: 9.2%) 2013 2014 2015 1Q 2016 2Q 2016 3Q 2016 1. Monthly average of loan disbursements to businesses, including SMEs Source : Bank Negara Malaysia Source: Bank Negara Malaysia 51

RM bil Key economy indicators GDP, consumption and investment growth CPI and unemployment rate GDP Consumption Investment CPI Unemployment Unemployment 3.5% Consumption 6.4% Investment 6.1% GDP 4.3% CPI 1.3% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 2011 2012 2013 2014 2015 2016 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 2011 2012 2013 2014 2015 2016 Business conditions and consumer sentiments index FDI flow and trade balance points Business Conditions Index Consumer Sentiments Index External Trade FDI 140.0 120.0 100.0 80.0 60.0 40.0 20.0 0.0 BCI 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 2011 2012 2013 2014 2015 2016 BCI 83.9 CSI 73.6 External Trade 17.9 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2011 2012 2013 2014 2015 2016 FDI 8.8 Source: BNM, MIER, Department of Statistics, Bloomberg 52

Sep Dec Sep Dec Sep Dec Sep Dec Sep Dec Sep Banking system data Household debt, national savings and retail impaired loan ratio Household debt movement Annual Change (%) 74.5% 76.1% 33.5% 34.1% 86.1% 86.8% 89.1% 80.5% To be updated for the his 30.9% 29.4% 29.3% 28.0% 9.4 7.3 2.4 0.4 0.6 0.6 0.4 2.5% 2.0% 1.6% 1.5% 1.3% 1.2% 5.8 6.5 2010 2011 2012 2013 2014 2015 Gross national savings Retail impaired loans ratio* Household debt/gdp * Retail comprise purchase of transport vehicle, purchase of residential property, personal use and credit card Key interest rates 2014 2015 Residential Hire Purchase Personal Financing Others* Total *includes Credit Card, Securities, Non-residential & others Asset quality Avg lending rate (commercial banks) OPR Gross Impaired Loans Loan Loss Coverage Avg BLR Avg base rate 6.76% 4.57% 3.73% 3.00% OPR reduction by 25bps to 3% on 13 July 2016 GIL 1.65% LLC 89.4% 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 * Effective 2 January 2015, the Base Rate would replace the Base Lending Rate as the main reference rate for new retail floating rate loans 2011 2012 2013 2014 2015 2016 Source: BNM, Bloomberg 53